Odisha Gramya Bank Pension Loan

Odisha Gramya Bank Pension loan Features

Odisha Gramya Bank Pension Loan Interest Rate 3.40%
Odisha Gramya Bank Pension Loan Processing Fee 1%
Odisha Gramya Bank Pension Loan Tenure 36 Months
Odisha Gramya Bank Pension Loan Amount Minimum 25,000
Odisha Gramya Bank Pension Loan Amount Max 14 Lakh
Odisha Gramya Bank Family Pension Loan Amount Minimum 2.5 Lakh
Odisha Gramya Bank Family Pension Loan Amount Max. 5 Lakh
Odisha Gramya Bank prepayment 3%
Odisha Gramya Bank foreclosure 3%

Odisha Gramya Bank Pension Loan Eligibility

To file, where appropriate, in respect of workplace pensions,

  • You also would like to hear from one of the players in the current team who has a retirement timetable.
  • In a PSU, a centralized bank, a state government, you can keep a pension account.
  • You must be in a position to contribute 60 percent to a pension after you have earned the credit allowance.

Odisha Gramya Bank Pension Loan Eligibility For Central And State Government For Retirees

Eligibility Criteria Key Features
Employer Type Central and State Government
Applicant’s Age Below 76 years of age
Account Type Pension payment order maintained by Bank
Treasury Terms Written consent from the treasurer not to accept any pension transfer requests
Guarantee Terms By the spouse (eligible for a family pension) or any other third party

Odisha Gramya Bank Pension Loan Eligibility For Defence Pensioners

Eligibility Criteria Key Features
Employer Type Armed Forces, Paramilitary Forces, Coast Guards, Rashtriya Rifles, Assam Rifles
Applicant’s Age Below 76 years of age
Account Type Pension payment order maintained by Bank
Treasury Terms Not applicable
Guarantee Terms Not applicable

Odisha Gramya Bank Pension Loan Eligibility For Family Pensioners

Eligibility Criteria Key Features
Employer Type Central and State Governments including all Armed Forces
Applicant’s Age Below 76 years of age
Account Type Pension payment order maintained by Bank
Treasury Terms Not applicable
Guarantee Terms Authorized members of the family under the family pension scheme

Maximum Eligible loan Amount and Repayments

For Central and State Government Pensioners:

Age Max Loan Amount Repayment Period Age at the time of full repayment
Below 72 Years 14 Lakh 60 Up to 77 Years
72-74 Years 12 Lakh 48 Up to 78 Years
74-76 Years 7.5 Lakh 24 Up to 78 Years

(ii) For Defense Pensioners:

Age Max Loan Amount Repayment Period Age at the time of full repayment
below 56 Years 14 Lakh 84  Up to 63 Years 
56-72 Years 14 Lakh 60 Up to 77 Years
72-74 Years 12 Lakh 48 Up to 77 Years
74-76 Years 7.5 Lakh 24 Up to 78 Years

(ii) For Family Pensioners (including Defense Pensioners) :

Age  Max Loan Amount Repayment Period Age at the time of full repayment
Below 72 Years 14 Lakh 60 Up to 77 Years
72-74 Years 12 Lakh 48 Up to 77 Years
74-76 Years 7.5 Lakh 24 Up to 78 Years

Interest Rate Personal Loan For Pensioners

The interest rate for the Odisha Gramya Bank Pension loan is 3.40 percent. In order to improve your financial standing for your serious situation, this personal loan is for personal expenses. On Dialabank, one could loan file it.

Document Required For Loans For Pensioners 

Identity proof:

  • Aadhar Card
  • Voter Identity Card 
  • Passport
  • Pan Card

Address Proof: 

  • Ration Card
  • Property Purchased documents 
  • Passport
  • Aadhar Card
  • Utility Bills

Income Proof: 

  • Salary slips
  • Bank Account Statements

Loan Amount on Bank Personal Loan For Pensioners

For each pension category, the basic original loan will be 25,000, but the total loan amount will vary by category, as retired state and central government pensioners will take advantage of up to 14 lakh loans, while family pensioners will be able to take advantage of up to 5 lakh loans.

For State and Central Government Pensioners:

Age Minimum Loan Amount Maximum Loan Amount Additional Ceiling Amount Loan Tenure
Less Than 72 Years 25000 14 Lakh 18 Months Pension 60
72 to 74 Years 25000 12 Lakh 18 Months Pension 48
74 to 76 Years 25000 7.5 Lakh 18 Months Pension 24

For Defence Pensioners:

Age Minimum Loan Amount Maximum Loan Amount Additional Ceiling Amount Loan Tenure
Up to 56 Years Rs 25000 14 Lakh 36 Months Pension 84
Less Than 72 Years Rs 25000 14 Lakh 18 Months Pension 60
72 to 74 Years Rs 25000 12 Lakh 18 Months Pension 48
74 to 76 Years Rs 25000 7.5 Lakh 18 Months Pension 24

For Family Pensioners:

Age Minimum Loan Amount Maximum Loan Amount Additional Ceiling Amount Loan Tenure
Less Than 72 Years 25000 5 Lakh 18 Months Pension 60
72 to 74 Years 25000 4.5 Lakh 18 Months Pension 48
74 to 76 Years 25000 2.5 Lakh 18 Months Pension 24

About Odisha Gramya Bank

Odisha Gramya Bank Pension Loan

Odisha Gramya Bank (OGB) (Odia: ⁇ ⁇) is an agricultural credit banking institution on 7 January 2013 under the provisions of the agricultural credit Banks Act 1976, with the merger of Neelachala Gramya Bank, Kalinga Gramya Bank, and Baitarani Gramya Bank.

FAQs

✅ What is the pensioner-funded benefit amount?

The total amount of loans that can be used by a public sector employee is 25,000, and based on the nature of loan the worker falls on, the number can vary.

✅What is the Odisha Gramya Bank Pension reverse mortgage?

Loans will be issued to retirees who have worked in government buildings, government troops, or who are partners of pension recipients through the Odisha Gramya Bank Pension bank loan.

✅Who else are we searching for a pension credit receipt for?

You may call for Odisha Gramya Bank Pension Loan from Dialabank or you can dial us at 9878981166.

✅ What incentives will the Bandhan Bank Pension Loan offer us?

The rate of interest available to people on incentives at Odisha Gramya Bank is 3.40 percent.

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